Record as top banks in Tanzania cross Sh2 trillion in annual profit
Chief Executive Officer (CEO) of NMB Bank Plc, Ms Ruth Zaipuna (left), and Group CEO and Managing Director of CRDB Bank Plc, Mr Abdulmajid Nsekela (right).
Dar es Salaam. Shareholders of Tanzania’s commercial banks are set to reap significant financial rewards as the sector’s profits surpass the Sh2 trillion mark for the first time in the country’s history.
Tanzania is home to approximately 33 commercial banks, with at least 14 categorised as first-tier lenders—each holding a balance sheet exceeding Sh1 trillion.
